24 Jan Virgo Invests in Indoor Farming Company 80 Acres Farms Virgo Investment Group has made a “significant” investment in 80 Acres Farms, a Cincinnati-based indoor farming company, according to a Jan. 15 press release. Financial terms were not disclosed. Read more...
24 Jan Wabash Sells Aviation and Truck Equipment Business Wabash National Corp., a producer of semi-trailers, truck bodies and liquid transportation systems, announced the immediate sale of its aviation and truck-equipment business to Garsite Progress. Read more...
24 Jan Sunoco Announces Fuel-Distribution Acquisition, Divestiture of Ethanol Facility Sunoco has acquired the wholesale fuel-distribution business from Schmitt Sales as well as certain convenience store locations from Speedway to turn into wholesale distribution sites. Read more...
24 Jan US Sanctions on Venezuelan Oil Could Benefit China, India If the United States decides to deploy a slate of sanctions that it is said to have drafted against the Latin American nation, American refiners would be forced to cease purchases. That may mean more supply becomes available for the OPEC producer’s other big customers: China and India. Read more...
24 Jan Jobless Claims Fall to 49-Year Low Despite Shutdown Filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown. Read more...
23 Jan Mayors, Ambassadors Discuss Advancing NAFTA Replacement Deal WASHINGTON — Officials representing the United States, Canada and Mexico expressed support for advancing the treaty that is meant to serve as a replacement for the North American Free Trade Agreement. Read more...
23 Jan Walmart Says It Needs 900 More Truckers This Year, Hikes Pay Walmart is raising trucker salaries in its push to hire 900 more drivers this year across the United States, including Texas, where it has a big concentration of large distribution centers where empty trucks get filled. Read more...
23 Jan Uber Contemplates Outside Investors for Autonomous Car Unit Uber Technologies Inc. CEO Dara Khosrowshahi said it was “possible” the ride-hailing giant would look for outside investors for its self-driving car unit, but isn’t currently searching for backers. Read more...
23 Jan Tesla Reduces Model S, Model X Production Hours; Shares Drop Tesla Inc. reduced the amount of hours it is producing Model S sedans and Model X crossovers, adding to concerns about demand for the electric-car maker’s higher-priced and more profitable vehicles. Shares dropped on the news. Read more...
23 Jan TRB Truck Size and Weight Panel Face Political Headwinds for Heavier, Larger Trucks WASHINGTON — Members of the Transportation Research Board’s Truck Size and Weight Committee said they continue to face stiff headwinds to garner public and political support for heavier and longer trucks, despite evidence that demonstrates the potential for reducing carbon emissions and increasing cargo efficiency. Read more...